meta_id 3206005

On June 2, 2026, the Australian Treasury tabled its formal response to the Senate Economics Legislation Committee's inquiry into the Scams Prevention Framework Bill 2024 [Provisions]. The response addresses recommendations raised in the Senate Committee's report, which it handed down on February 3, 2025. The Scams Prevention Framework Bill 2024 [Provisions] represents a significant policy development in Australia's approach to combating scams and fraud. The Senate Economics Legislation Committee's inquiry examined the proposed legislative framework, generating recommendations intended to strengthen protections for consumers and financial system participants. The Treasury's formal response indicates the government's engagement with these recommendations and its commitment to advancing the scams prevention agenda through the legislative process. The government response document is available for download from the Treasury website. The tabling of this response represents a key milestone in the progression of the bill through Parliament, signalling the government's position on the committee's findings and recommendations. Stakeholders in the banking and finance sectors, consumer protection advocates, and other interested parties should review the government response to understand how the government intends to address the Senate Committee's concerns and recommendations regarding the proposed scams prevention framework. REFERENCES: Australian Treasury, Government response to Senate report on the Inquiry into Scams Prevention Framework Bill 2024 [Provisions], June 2, 2026, available at: https://treasury.gov.au/